Penbrook Management Lowers stake in MICROSOFT CORP COM (MSFT)

MICROSOFT CORP COM (MSFT) : Penbrook Management reduced its stake in MICROSOFT CORP COM by 3.98% during the most recent quarter end. The investment management company now holds a total of 78,360 shares of MICROSOFT CORP COM which is valued at $4,057,481 after selling 3,249 shares in MICROSOFT CORP COM , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.MICROSOFT CORP COM makes up approximately 4.39% of Penbrook Management’s portfolio.

MICROSOFT CORP COM closed down -0.5 points or -0.97% at $50.94 with 4,33,69,256 shares getting traded on Wednesday. Post opening the session at $51.48, the shares hit an intraday low of $50.55 and an intraday high of $51.5 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Other Hedge Funds, Including , Hartwell J M Limited Partnership boosted its stake in MSFT in the latest quarter, The investment management firm added 3,850 additional shares and now holds a total of 412,024 shares of MICROSOFT CORP COM which is valued at $21,334,603. MICROSOFT CORP COM makes up approx 5.26% of Hartwell J M Limited Partnership’s portfolio.Bennicas Associates reduced its stake in MSFT by selling 1,480 shares or 2.56% in the most recent quarter. The Hedge Fund company now holds 56,265 shares of MSFT which is valued at $2,913,402. MICROSOFT CORP COM makes up approx 2.71% of Bennicas Associates’s portfolio.Rnc Capital Management boosted its stake in MSFT in the latest quarter, The investment management firm added 661 additional shares and now holds a total of 22,120 shares of MICROSOFT CORP COM which is valued at $1,230,978. MICROSOFT CORP COM makes up approx 0.12% of Rnc Capital Management’s portfolio.Merriman Wealth Management boosted its stake in MSFT in the latest quarter, The investment management firm added 11 additional shares and now holds a total of 21,558 shares of MICROSOFT CORP COM which is valued at $1,199,703. MICROSOFT CORP COM makes up approx 1.10% of Merriman Wealth Management’s portfolio.Kistler-tiffany Companies reduced its stake in MSFT by selling 860 shares or 11.77% in the most recent quarter. The Hedge Fund company now holds 6,449 shares of MSFT which is valued at $350,245. MICROSOFT CORP COM makes up approx 0.20% of Kistler-tiffany Companies’s portfolio.

On the company’s financial health, MICROSOFT CORP COM reported $0.62 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Apr 21, 2016. Analyst had a consensus of $0.64. The company had revenue of $22076.00 million for the quarter, compared to analysts expectations of $22107.44 million. The company’s revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.61 EPS.

Investors should note that on Mar 15, 2016, MICROSOFT CORP COM announced a cash dividend of $0.3600. The company’s management has announced May 17, 2016 as the ex-dividend date and fixed the record date on May 19, 2016. The payable date has been fixed on Jun 9, 2016.

Many Wall Street Analysts have commented on MICROSOFT CORP COM. Shares were Reiterated by BMO Capital Markets on Apr 22, 2016 to “Outperform” and Lowered the Price Target to $ 57 from a previous price target of $58 .MICROSOFT CORP COM was Initiated by Macquarie to “Neutral” on Mar 4, 2016. Shares were Reiterated by RBC Capital Mkts on Feb 1, 2016 to “Outperform” and Lowered the Price Target to $ 63 from a previous price target of $65 .

Microsoft Corporation is engaged in developing licensing and supporting a range of software products and services. The Company also designs and sells hardware and delivers online advertising to the customers. The Company operates in five segments: Devices and Consumer (D&C) Licensing D&C Hardware D&C Other Commercial Licensing and Commercial Other. The Company’s products include operating systems for computing devices servers phones and other intelligent devices; server applications for distributed computing environments; productivity applications; business solution applications; desktop and server management tools; software development tools; video games; and online advertising. It also offers cloud-based solutions that provide customers with software services and content over the Internet by way of shared computing resources located in centralized data centers. It provides consulting and product and solution support services.

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